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Plot Size: 1168m2
Location: Jaz Beach, Budva
The plot is prepared for construction, a flat, solid foundation is laid, electricity and sewage are installed.
- minimum available building area 220m2
- maximum available building area 740m2
Perhaps the construction of a residential building, a mini-hotel with a restaurant or an apart-hotel. Any of the selected options in such a unique place is a reliable investment in your future. This investment has a high level of liquidity, and a good payback.
Real estate in this location, upon completion of the construction of a residential facility, will be sold at a price of 5,000 euros per square meter.
An approximate calculation of the profitability of the purchased apartment with an area of 46 square meters is given in the appendices.
The calculation of the profitability of the investment project for the investor will include the project indicators that will be developed by the investor.
PROPERTY DESCRIPTION
This is an extremely rare opportunity to buy a plot by the sea on one of Montenegro's most popular sandy beaches. Jaz Beach has quickly established itself as the leading venue for events in the country, where the Rolling Stones, Madonna, Lenny Kravitz and Zdravko Cholicha have held concerts over the past 15 years.
The long sandy beach of Jaz Beach, its close proximity to Budva and large sections of the undeveloped plain adjacent to it make the area a priority place for development.
Jaz Beach is one of the best beaches in Montenegro, and a very popular place for tourists.
The plot is located among a dozen beach facilities on the west side of Jaz Beach. There is fine sand and a feeling of greater privacy. The plot consists of 32 meters of coastline, just a stone's throw from the sand.
The popularity of Jaz Beach and its proximity to Budva, Tivat and Boka Kotorska make this an extremely versatile development opportunity.
Based on structures that previously existed on the site, there is a minimum building area of about 220m2.
Currently, a package of necessary documents has been submitted for a permit for the construction of a total of 740 m2 of apartments.
Jaz is one of the most beautiful beaches on the Montenegrin coast.
By the quality of sand, it belongs to the beaches of the first category.
Its length is −1200 m, and the total area is 22500 sq. M, it is only 2.5 km from Budva.
The beach consists of two parts: large (700 m long) and small (400 m long), which was chosen by nudists.
Mrchevo field stretches out over the beach, on both sides it is bordered by the mountains of Grbal and Sentinel, hiding it from everyday hustle and bustle.
The river Drenovstitsa flows through the beach, which flows into the sea, so there is a source of drinking water on the beach.
The Jaz beach, which is closer to the river, is sandy, and from the side of Budva it is pebble, like the bottom in shallow water, but if you go deeper into the water, the pebbles gradually turn into fine sand, giving the water a wonderful turquoise color.
Take a unique chance - to buy real estate in the most attractive tourist spot in Montenegro, and build your own business in this country, which will bring only positive things - for many years!
